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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Enhanced Emerging Markets ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Fidelity Enhanced Emerging Markets ETF (FEMR) has returned 5.18% so far this year and 36.33% over the past 12 months.
Fidelity Enhanced Emerging Markets ETF
- 1D
- 4.08%
- 1M
- -10.27%
- YTD
- 5.18%
- 6M
- 10.69%
- 1Y
- 36.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Nov 21, 2024, FEMR's average daily return is +0.11%, while the average monthly return is +2.10%. At this rate, your investment would double in approximately 2.8 years.
Historically, 76% of months were positive and 24% were negative. The best month was Jan 2026 with a return of +9.6%, while the worst month was Mar 2026 at -10.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 2 months.
On a daily basis, FEMR closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +6.8%, while the worst single day was Mar 3, 2026 at -5.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.59% | 6.95% | -10.27% | 5.18% | |||||||||
| 2025 | 1.80% | 1.44% | 1.07% | 0.20% | 4.94% | 6.17% | 0.10% | 3.05% | 6.96% | 3.70% | -2.00% | 3.57% | 35.27% |
| 2024 | -0.66% | -0.83% | -1.49% |
Benchmark Metrics
Fidelity Enhanced Emerging Markets ETF has an annualized alpha of 22.67%, beta of 0.80, and R² of 0.50 versus S&P 500 Index. Calculated based on daily prices since November 22, 2024.
- This ETF captured 129.69% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -8.67%) — a profile typical of hedging or uncorrelated assets.
- This ETF generated an annualized alpha of 22.67% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- Alpha
- 22.67%
- Beta
- 0.80
- R²
- 0.50
- Upside Capture
- 129.69%
- Downside Capture
- -8.67%
Expense Ratio
FEMR has an expense ratio of 0.38%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FEMR ranks 84 for risk / return — in the top 84% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Enhanced Emerging Markets ETF (FEMR) and compare them to a chosen benchmark (S&P 500 Index).
| FEMR | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.74 | 0.90 | +0.84 |
Sortino ratioReturn per unit of downside risk | 2.30 | 1.39 | +0.91 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.21 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.48 | 1.40 | +1.08 |
Martin ratioReturn relative to average drawdown | 9.93 | 6.61 | +3.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore FEMR risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Fidelity Enhanced Emerging Markets ETF provided a 1.78% dividend yield over the last twelve months, with an annual payout of $0.61 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.61 | $0.62 | $0.09 |
Dividend yield | 1.78% | 1.92% | 0.37% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Enhanced Emerging Markets ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.08 | $0.08 | |||||||||
| 2025 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.62 |
| 2024 | $0.09 | $0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Enhanced Emerging Markets ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Enhanced Emerging Markets ETF was 15.58%, occurring on Apr 8, 2025. Recovery took 18 trading sessions.
The current Fidelity Enhanced Emerging Markets ETF drawdown is 10.98%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.58% | Mar 18, 2025 | 16 | Apr 8, 2025 | 18 | May 5, 2025 | 34 |
| -14.47% | Feb 26, 2026 | 23 | Mar 30, 2026 | — | — | — |
| -7.27% | Dec 10, 2024 | 22 | Jan 13, 2025 | 22 | Feb 13, 2025 | 44 |
| -5.54% | Oct 30, 2025 | 17 | Nov 21, 2025 | 23 | Dec 26, 2025 | 40 |
| -4.77% | Feb 21, 2025 | 7 | Mar 3, 2025 | 10 | Mar 17, 2025 | 17 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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